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basically. we'll talk to grover norquist about this in a second, but this is the way things are going to get decided now for the next four years. there's no grand bargains and stuff like that. >> that's the thinking. look, it could be or it could be that we'll continue to have these skirmishes because there are these ideological differences until it's finally resolved because these two parties are struggling over philosophy and eventually it will be resolved, but until that time, yes, this is what we're looking at for a while. >> hdoes that get resolved, though? >> once the economy recovers and we're clearly out of recession, maybe the anxiety about debt and deficit is lessened or perhaps we get the debt and deficit under control and that makes everybody a bit more optimistic. we've now resolved the tax struggle to some extent. personal income tax is resolved a little bit. so you tackle these one at a time. that might be the way or it might be that the economy picks up. >> right. >> anderson, if i could just add to what jessica is saying, it seems as though a big reason why republicans in th
want to bring john avlon into the conversation. i have spoken to grover norquist and wolf has spoken to grover norquist more than we have spoken to our families in the last few days. he's making an interesting philosophical point. if we let these guys go ahead with some kind of tax increase on people above $450,000, we can then move the discussion to spending. so far, the spending is a much more complicated part of the deal. it's a much harder deal to make than to arrive at what percentage to charge and at what threshold. the republicans are hoping that this debate that goes on for two months and longer is now going to go to spending. is that a good bet? >> mark that on your fiscal calendar. when jessica said to us the deal with the sequester, which has been the big open question. remember house republicans' questioning of this. when that gets moved to february, we're doing this all over again. maybe there's a chance to get our deficit and debt in line. the downside, we're going to be playing with fire again walking right up by the edge of the cliff. >> the tax rate and how much you
's on tap? >> we have a whole bunch of republicans who have signed that anti-tax pledge to grover norquist. i'm going to talk to one who is refeudiated that pledge. he thinks we have got work to do and pledges are not the business of government. when we come back on your money, i'll talk to ohio representative congressman steve latourette. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> washington finally seems ready to ring in the new year with a deal that averts the fiscal cliff. it only has taken 517 days to reach this point. what a waste of time. from the cnn money newsroom in new york, i'm ali velshi. this is your money. with only hours to go, president obama says a deal between democrats and republicans is, quote, within reach as america ticks closer to the fiscal cliff at midnight. >> they
the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose the ability to borrow money. both democrats and republicans deploy scorch earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to $1 trillion in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would go into effect starting january 2013. at the exact moment when those bush tax cuts extended for two years, if you remember, would expire. so the point is, we could'
't like grover norquist. now a message to washington. >> this shows how incredibly out of touch you are, are you off in la la land and everybody is saying you are acting like a bunch of spoil brats who are more interested in being wririg than doing the right thing for the people who elected you. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. if by blessed you mean freake
one person's opinion carries disproportionate weight and that person is grover norquist. he's the head of americans for tax reform. they have got the pledge that mostly republican members of congress signed to say they won't increase taxes. now, understand this. the top marginal tax rate going from 35% to 39.6% is not a tax increase. it is a return to tax rates that would have taken place after the temporary bush tax cuts expired and got extended. so the way i see it, that cuts with designed to be temporary, but clearly norquist disagrees with me. >> let's say we let the bush tax cuts expire at the end of the year and then congress moved to increase tax rates. would that count? would that violate your pledge? >> that would clearly be -- look, you can't go to the american people and say we raised taxes $500 billion and then we cut it $400 billion, please only look at the cut, not the overall rate. if you raise taxes $100 billion on the american people, they're going to notice it. it doesn't pass the laugh test. >> now, people say he's just one guy. grover likes to say the pledge isn't t
as american politics but today the philosophy's main spokesman is this man. grover norquist. president of american's for tax reform. norquist's pledge signed by almost all republicans by congress forbids raising taxes ever under any circumstances. things come to a head in the summer of 2011. republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the supercommittee can't reach a deal, automatic across the board cuts known as a sequester would go into effect be at the exact moment when those bush tax cuts extended for two years would expire. so the point is we could have all seen this coming and some of us did. we yelled at the top of our lungs about it but were drown
Search Results 0 to 6 of about 7